Dividend Aristocrat Overview: V. F. Corporation

The North Face is one of V. F. Corporation's well-known brands.
Photo: Flickr.com/Andrew T. Thresher

About V. F. Corporation

V. F. Corporation owns a diverse set of well-known apparel, footwear, outdoor equipment and sportswear brands. These brands include Lee, Wrangler, Eastpak, Jansport, The North Face, Timberland, Nautica, and others.

The company is a member of the S&P 500 index, a Fortune 500 company and trades under the ticker symbol VFC.

V. F. Corporation’s Dividend and Stock Split History

V. F. Corporation has increased dividends annually since 1972. The company met the Dividend Aristocrat criteria of 25 years of consecutive dividend increases in 1997. V. F. Corporation usually announces dividend increases in October, with the stock going ex-dividend in December.

V. F. Corporation has compounded its payout at an average rate of 17.7% over the last 5 years and 11.9% over the last 10 years.

In addition to a 4-for-1 stock split announced in October 2013, V. F. Corporation has split it stock 8 other times since 1963.  The company split its stock 2-for-1 in December 1963, June 1972, December 1982, December 1983, April 1986 and November 1997.  The company also announced 3-for-2 stock splits in December 1965 and December 1967.

V. F. Corporation’s Direct Purchase and Dividend Reinvestment Plans

V. F. Corporation offers both a direct purchase and dividend reinvestment plan.  If you’re interested in buying stock directly from the company, you’ll need to invest at least $500 either in a one-time purchase or through at least 10 automatic investments of $50 each.  When you do, you’ll pay a $10 one-time set up fee.  Additional direct investments must be at least $50.  Each time you buy V. F. Corporation stock in the plan, you’ll pay a fee of $5 for one-time purchases or $2.50 for purchases through automatic debit, plus 5 cents per share.

When reinvesting dividends, the plan will deduct 5% of the reinvested amount – up to $3 – plus 5 cents per share purchased.

When you go to sell your shares in the plan, you’ll pay 12 cents for every share sold plus a plan fee which is either $12 or $25, depending on the type of sell order.

Helpful Links

V. F. Corporation Investor Relations Website

Current quote and financial summary for V. F. Corporation (finviz.com)

Information on the direct purchase and dividend reinvestment plans for VFC

Want to find out about more great dividend growth stocks?

Check out the list of current S&P Dividend Aristocrats.

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